irish border

Genuine GB-NI trade movements should not be subject to customs controls, says Academy dean

The Dean of the UK Customs Academy, Professor David Widdowson, has said genuine NI-GB trade should not be subject to customs controls. Writing for ‘The UK in a Changing Europe’ he said there were two ways for NI-GB trade to be handled, in the event of the Ireland/Northern Ireland Protocol coming into play after the …

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Generalised System of Preferences

This article covers the concept of Generalised Systems of Preference (GSP) which is intended to provide least developed countries (LDCs) with the opportunity to export goods to other countries on preferential trade terms. These terms mean various goods such as textiles and clothing enter developed markets such as the European Union at reduced or zero …

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Duty Matters: Can HMRC Prevent Importers from Gaining Inward Processing on a Retrospective Basis?

Importers need to be fully authorised under inward processing procedure prior to the importation of goods, in order to benefit from a duty relief. However, can HMRC grant retrospective authorisation on goods imported to free circulation, when an importer realises that the goods should have been imported under inward processing procedure? In its public notice …

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Reviewing the level of bank guarantees for customs special procedures

Guarantees for Customs Special Procedures Following the introduction of the Union Customs Code in 2016, there was a requirement for traders to provide guarantees to support potential import duties and VAT liabilities to customs. Potential liabilities can arise from customs special procedures such as Customs Warehousing and Inward Processing. Liabilities are also due for goods …

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Brexit may seem a long time ago…

Quite understandably COVID-19 has taken the attention away from Brexit and for many businesses the current situation is about ensuring sources of supply, production and getting paid. In future blogs we shall expand on these important points in relation to the impact on specific business sectors. Please share your experiences with us and what you …

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Duty Matters: Interest on Delayed Duty Payments- Potential Knock on Effect for Financial Penalties?

While companies do their best to ensure that they declare their goods correctly on import, HMRC does not have the time to validate clearances and rather relies on post import verification. Where errors or omissions are subsequently found, are companies required to pay interest on underpaid customs duty? The following extract from the EU’s Advocate …

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The Importance of Internal Business Communications in Customs and Trade

In fast moving businesses it is not always easy to communicate internally details of all import and export transactions. An export sale may be negotiated which has ‘hidden’ consequences for the business in meeting trade compliance requirements. Examples of where internal communication is vital can be seen in the following: A UK exporter negotiates an …

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Are you aware of the Customs Declaration System (CDS), and could this affect your business?

HMRC recently announced a proposed plan for completing the delivery of the new Customs Declaration System (CDS). CDS will replace the current CHIEF system, the Customs Handling of import and Export Freight the movement of goods by land, air and sea for export and import trade. For experienced traders what we have taken for granted …

Are you aware of the Customs Declaration System (CDS), and could this affect your business? Read More »

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